Prime Upper West Side Development Site 75,500 BSF

New York, NY

For Sale

$62,000,000

OVERVIEW

LOCATION:
Prime Upper West Side Development Site 75,500 BSF, New York, NY 10025

Asset Type: Development Site/Land

Square Feet: 7,340

Buildable Sq Ft: 75,500

 

Description

75,500 BUILDABLE SF RETAIL/RESIDENTIAL DEVELOPMENT SITE

 

7,340 SF single-story retail building containing three stores. The property has a lot area of 7,550 SF, which amounts to a total of 75,500 buildable SF under zoning designation.

 

The retail tenant in 2505 has already vacated the property. The tenant occupying 2503 is willing to vacate before the end of their lease (6 months left). The properties are not within the historic district. The zoning allows for maximum base height of 150’ and total height limit of 210’. Comparable retail rents on Broadway are in the $250/SF range. There might be an additional 14,000 SF of air rights available from a neighboring property.

 

Nearby Transportation